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May 22, 2015 2:06 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of E-CO Energi Holding AS

Company Overview

E-CO Energi Holding AS, through its subsidiary, engages in the ownership, development, operation, and management of hydropower plants in Norway. The company produces hydroelectricity. It also sells power in the wholesale market. In addition, the company is involved in the business development activities in energy and related fields; and operations, maintenance, and implementation of projects. It serves approximately 500,000 households. E-CO Energi Holding AS is based in Oslo, Norway.

C. J. Hambros plass 2 C

Oslo,  0103

Norway

Phone:

47 24 11 69 00

Fax:

47 24 11 69 01

Key Executives for E-CO Energi Holding AS

Chief Executive Officer, President and Managing Director
Age: 52
Chief Financial Officer
Chief Executive Officer of Oslo Municipality
Senior Vice President and Special Adviser
Age: 63
Vice President of Human Resources & Communications
Compensation as of Fiscal Year 2014.

E-CO Energi Holding AS Key Developments

E-CO Energi Holding AS Announces Unaudited Group Earnings and Production Results for the First Quarter Ended March 31, 2015

E-CO Energi Holding AS announced unaudited group earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company's operating revenue was NOK 954 million compared with NOK 925 million a year ago. The increase is ascribable to a higher volume of power production year-on-year. Operating profit was NOK 658 million compared with NOK 626 million a year ago. Earnings before tax was NOK 600 million compared with NOK 557 million a year ago. Net profit was NOK 305 million or NOK 179 per share compared with NOK 285 million or NOK 167 per share a year ago. Cash flow from operating activities was NOK 336 million compared with NOK 321 million a year ago. Investments in tangible fixed assets came to NOK 62 million compared with NOK 24 million a year ago. The increase is related to the Rosten Power Plant in Gudbrands-dalen Valley, where construction commenced last autumn (completion 2018). For the quarter, the company's power production was 3,508 GWh compared with 3,105 GWh a year ago.

E-CO Energi Holding AS Reports Consolidated and Parent Company Earnings Results for the Year Ended December 31, 2014

E-CO Energi Holding AS reported consolidated and parent company earnings results for the year ended December 31, 2014. For the year on consolidated basis, operating revenue was NOK 2,863 million against NOK 3,228 million a year ago. EBITA was NOK 1,698 million against NOK 2,153 million a year ago. Ordinary profit before taxes was NOK 1,491 million against NOK 1,914 million a year ago. Profit for the year was NOK 712 million against NOK 876 million a year ago. Cash flow from operating activities was NOK 694 million against NOK 1,346 million a year ago. Investments in tangible fixed assets was NOK 236 million against NOK 343 million a year ago. For the year on parent company basis, operating revenue was NOK 3 million against NOK 3 million a year ago. LBITA was NOK 8 million against NOK 8 million a year ago. Ordinary profit before taxes was NOK 2,759 million against NOK 773 million a year ago. Profit for the year was NOK 2,581 million against NOK 558 million a year ago. Cash flow from operating activities was NOK 554 million against NOK 603 million a year ago.

E-CO Energi Holding AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

E-CO Energi Holding AS reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, operating revenue was NOK 606 million against NOK 603 million a year ago. Operating profit was NOK 355 million against NOK 330 million a year ago. Earnings before tax was NOK 283 million against NOK 118 million a year ago. Net profit was NOK 104 million against NOK 118 million a year ago. Cash flow from operating activities was NOK 461 million against NOK 470 million a year ago. Earnings per share was NOK 61 against NOK 69 a year ago. Cash flow from operating activities was NOK 461 million against NOK 470 million a year ago. Investments in tangible fixed assets was NOK 50 million against NOK 56 million a year ago. For the nine months, operating revenue was NOK 1,929 million against NOK 2,296 million a year ago. Operating profit was NOK 1,110 million against NOK 1,522 million a year ago. Earnings before tax was NOK 907 million against NOK 1,340 million a year ago. Net profit was NOK 403 million against NOK 622 million a year ago. Cash flow from operating activities was NOK 216 million against NOK 540 million a year ago. Earnings per share was NOK 237 against NOK 365 a year ago. Investments in tangible fixed assets was NOK 151 million against NOK 274 million a year ago.

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